Below are the current Multi-Year Guaranteed Annuity (MYGA) rates, providing a Guaranteed Rate of Return on your investment over the entire policy term. With compounded interest, your funds grow consistently and are unaffected by stock market changes. Plus, MYGAs offer penalty-free access to a portion of your funds, giving you both security and flexibility.
Why Fixed Annuities Are Better Than CDs
Fixed annuities, like MYGAs, provide guaranteed rates that often outperform traditional Certificates of Deposit (CDs). Unlike CDs, MYGAs allow your funds to grow tax-deferred for the entire term, meaning you won't pay taxes on gains yearly, which can significantly enhance your overall returns.
CDs, on the other hand, require annual tax payments on interest earned, reducing the impact of compounding. With MYGAs, you enjoy the dual benefit of guaranteed growth and tax-deferred earnings, making them a superior choice for long-term financial security.
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